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fast. if that weren't bad enough, the treasury now says the u.s. will hit the debt ceiling on new year's eve. will this be a game-changer for reaching a deal? >>> plus as if the fiscal cliff wasn't bad enough, now critical ports across the u.s. could be brought to a standstill starting this weekend. we'll explain how a looming union worker strike could sink businesses across the united states. >>> the major sports leagues do a touchdown dance after a federal judge's ruling. their lawsuit to spike sports gambling in new jersey get as crucial green light but new jersey isn't taking it sitting down. details how that state is fighting back and preparing to give vegas a run for its money. even when they say it's not, it's always about money adam: thank you for joining us. we want to look first at the day's market headlines. stocks slid for the 30 straight session. mediocre holiday seas and deadlock over fiscal cliff gave investors little to get excited about. the dow fell 24 points. the so-called fear index or the vix, soaring more than 4%. fiscal cliff concerns pushed the index to the high
for their members. we are looking out for you here at "money." joining us now is chuck woolery, former beloved host. you're not the host of "wheel of fortune.". >> i was at one time. i was the original host when it went on the air. you're not old enough to remember. melissa: that must be it. that's it. all right. >> 1974. melissa: i think of you as the love guy that brought everyone together. "wheel of fortune" is important as well yeah. >> i wear many hats, melissa. melissa: my mistake. i apologize. let's get on the main issue of the day though because i think this is really interesting. aarp is out there once again lobbying and you know telling seniors who are their members what is in their best interests. when you pull things back and look behind the curtain it may not be necessarily what is best for them. we saw one example of this with obamacare when they were lobbying very hard to pass obamacare. but like you have said that was not necessarily in their members best interest. how come? >> well, 93% of the their members didn't want it and they did it anyway because it was money. so it is not ab
photo sharing site says they're going to sell your pictures without paying you or even telling you. use, are already jumping ship. we'll tell you how this affects you and your money. >>> plus will this be the first republican controlled house ever to raise taxes? business mogul steve forbes will join me in a fox business exclusive to break it all down. >>> the dire warning for you and all of your savings today. hackers are planning to clean out your bank account. the former deputy director of the national security agency is here with all the details so you can hang on to your cash. even when they say it's not, it is always about money. melissa: all right. first let's take a look at the day's market headlines. another day of gains on wall street. stocks soared for the second day in a row. the dow closed up 115 points and all that illusion that washington is getting its act together but progress on the fiscal cliff isn't driving everything higher. gold hit its lowest level in since late august that is confidence there. investors flee from the precious metal as a safe haven appeal fades. g
in the nick of time? senator john hoeven of north dakota joins us to respond. >>> plus, a game-changer for the insurance industry. an auto insurer unveils new policies that charge by the mile, giving a big potential boon to drivers. can it drive the competition off the road? the ceo of metro mile is here to take the wheel. >>> and big beer companies putting beer goggles on their customers. the market for kraft beer is booming and big labels are battling to get a foothold but they may be using crafty tactics to sell you the same flat brew in different packaging. less filling tastes great. even when they say it's not it is always about money adam: before we serve you that beer let's look at the day's market headlines. stocks fell for their fourth straight session. that dour outlook on the fiscal cliff from senator harry reid sent stocks tumbling but they came off the session lows following word the house would reconvene this weekend. the dow lost 18 points. >>> jitters over the fiscal cliff sent the fear index or the vix leaping yet again. it hit the highest level since july. the
and spike food prices. have you even heard about this? the head of one mississippi barge operator joins us whether a disaster can still be avoided. >>> would you sublet your name for an entire year? a bidding war breaks out for the right to one man's name. he is here to explain his bold idea and how he is cashing in. even when they say it's not it is always about money melissa: first let egg look at the day's market headlines. concern over the fiscal cliff bleeding into the u.s. manufacturing sector. factory activity in november declined for the first time in three months. the news weighted down stocks helping shed 59 points off the dow. the raw materials sector hit hard by the contraction in manufacturing. shares of dupont were the biggest loser closing down 2%. dell getting golden endorsement from goldman sachs today. the investment bank upgraded the struggling computer-maker saying the stock has been oversold. the dell shares rose by 4% over that news. to our top story tonight, speaker boehner and house republicans are rolling out their fiscal cliff counteroffer to the white house. incl
it coming up. >>> is fracking the key to u.s. energy independence. a new study says absolutely not. is the controversial outlook right? we'll drill down on that one. even when they say it's not it is always about money melissa: first let's take a look at the day's maet headlines. stocks look exhausted after a week of fiscal cliff fueled volatility. the major indices swayed between positive and negative territory closing the day mixed. the dow eked out three points, three. while closing out the month of november down half a percent. >>> you know the global economy is in trouble when even taco bell and kfc have trouble making money, right? shares of their parent company yum! brands dove nearly 10% today. the company warned fourth quarter sales in china, their single best market, would likely slide. >>> u.s. consumer spending fell for the first time since may. the 0.2% decline in october partially being blamed on the impact of superstorm sandy. why not. >>> starting off tonight, taxes are the talk of the town and have been for daze. seems like much of the conversation isocused on the
>> wanna and v tonight. a huge break through for u.s. natural gas. a key government study could open the door for eorts and create a boom for the economy. the only thing standing the way though is present obama. we'll drill down with a natural gas company's ceo. >>> plus fighting crazy with crazy. could two plat nurm coins worth a trillion dollars each solve our debt crisis? is it as nuts as it sounds? bear with me here, people. our "money" power panel will break it down. >>> are plastic bags the way to extinction. they're completely banned in two cities. chicago wants to nix them. guess who is behind it? my favorite chicago alderman. i say stop the madness. but alderman joe moreno is here to disagree with me. even when they say it is a not it is always about money melissa: first let's take a look at today's market headlines. mediocrity apparently the reason to buy on wall street today. the november jobs report came in above expectations but the 146,000 jobs added is below average monthly growth for the past two years. that and 350,000 americans left the workforce. it all someh
is ruining kid's futures. you have to believe it to see it. the man behind it will join us in a fox business exclusive. >>> plus "money"'s executive roundtable get the real pulse of businesses. speaking out against president obama hurt their bottom line? will higher taxes be as bad for businesses as some say? all that and everything in between from three top leaders. >>> yikes for yelp users. one woman post as scathing review of a business. now the owner is suing her for $750,000. does he have a case? he is here to make it. even when they say it's not it is always about money. melissa: first let's take a look at the day's market headlines of the congress doesn't open its mouth and stocks go up. are we listening politicians? better than expected jobless claims data and rebound in tech stocks helped lead the market higher. the dow gained 39 points hitting a new one-month high. >>> at&t customers listen up. your service may start sucking less. akamai technologies reached a deal to provide at&t's mobile network. it is expected to speed up delivery of digital content to customer's phones. akamai
a sign progress is quietly being made with both sides? rich edson is at the white house for us. rich. >> good evening, sandra. house speaker john boehner left the capitol building about 10 minutes ago. he will motorcade over here. he should be here in a short while to begin yet another meeting with president obama. the two had a phone call earlier this week. on the phone the house speaker said they made little progress. aides say over the last few weeks there has been little discussion, constructive discussion moving towards a compromise. this is yet another attempt to get something moving. the white house put an offer on the table. republicans called it a joke. house republicans put a offer on the table. white house said it wasn't serious. since then the two sides have not moved that much closer to one another. the white house wants immediate tax increase on families earning more than $250,000 through a tax rate increase. for republicans they want more detailed spending cut plan out of the white house before they agree to any revenue increases. that impasse has continued. when you t
time out to talk with us. >> thank you. merry christmas. melissa: let's take a look at the market headlines. investor showing little cheer on christmas eve. fiscal cliff walls dominated today's shortened trading session. fiscal cliff deadlocked given another jolt to the so-called fear index. it has been a tough year for yobbo shareholders. they upgraded its target to $26 a share. yahoo! shares up more than 1.5%. it is the last day, actually, we have several hours left to run to the mall to get gifts. maybe you are a bargain shopper waiting to get a good deal. braving the christmas crowd at the glendale galleria in glendale, california. how packed is the mall? >> i have to tell you, either a lot of people pushed it to the wire this year or they are just here for the great sales. either way, retailers are counting on procrastinators. here at the galleria, i am told they are seeing a record number of shoppers. there is no lack of shoppers here today on christmas eve. discounts are so great they just cannot stay away. crowds over the weekend have been hitting the walls all across cali
to see this to believe it. the man behind this. will join us in a fox business exclusive. plus, money's executive roundtable gets the real pulse of businesses. does speaking out against president obama hurt their bottom line and will higher taxes be as bad for businesses as some say? all that and everything in between from three top leaders. >>> yikes! for yelp users. one woman post as scathing review of the business. now the owner is suing her for $750,000. does he have a case? he is is here it make it. even when they say it's not it is always about money. gamine application in nevada. >>> to o melissa: exxon hates your children, not my words. those are the words of a new campaign absolutely blasting the oil company and the industry. watch this. >> here at exxon we hate your children. we all know that the climate crisis will rip their world apart. but we don't care. because it is making us rich. >> that's right. every year congress gives the fossil fuel industry over $10 billion in subsidies. that is your tax dollars lining our pockets, making a fortune, devoiding your kid's future.
but you no cigar. the u.s. falls off the fiscal cliff at midnight despite something in the work. you heard what senate minority leader mitch mcconnell said earlier today. we have members from both the house and senate on what happens next. i'm adam shapiro, in for melissa francis. on "money" the capital-gains tax in the cross-hairs. the capital-gains tax will spike in the new year. how can investors protect themselves from the coming blow? respect your elders or else. a parents dream, a child's burden. adult children forced to financially support mom and dad and pay regular visits in one major country. we'll tell you where and why they're doing it. even when they say it's not, it is always about money adam: had enough of the fiscal cliff yet? before we go there, let's take a look at the day's market headlines a whipsaw for the session for the markets on their last trading day of the year. signs congress was taking major steps toward a fiscal cliff agreement. the dow closed near session highs, climbing 166 points the dow gained 7.3% for the year. now that sent the fear index or the vix into
in west virginia. would natural gas use booming across the u.s., is the risk for more accident spiking right along with it? we'll get answers. >>> plus north korea gives the world the finger, successfully launching a long-range missile for the very first time. iranian officials were reportedly there to witness it. so is north korea ready to sell technology to our most dangerous enemy? >> newark mayor cory booker completes a week on food stamps wanting to know what it is like to live on $1.40 a meal. food stamp use is rising faster than job growth, did you know that? isn't that the problem that needs solving? charles payne is explains how booker misses the point entirely. even when its not it is always about money melissa: first, let's take a look at the day's market headlines the fed announced new measures to help stimulate the economy but apparently investors were not impressed by fed chairman bernanke's afternoon press conference. stocks gave up all of their early gains and the dow closed down two points. >>> shares of warren buffett's berkshire hathaway getting a jolt. the company i
there is no such thing and it only makes us feel good. >> apparently privacy settings are only as smart as the user. >> yes but they will do whatever they want and then privacy policy confusing? yes. if you are lucky enough we will read your tweet on the will read your tweet on the right now. >> biological attack is possible. >> swine flu panic grips the nation. >> climate change is killing people. >> the media says life is horrible. >> poverty has reached new depths. >> but the media missed the big picture. >> i was only four when i saw my motherlode a washing machine for the first time. >> this is a wonderful word and getting better. his grandmother was thrilled by a washing machine. >> she sat down and watched the entire washing program. >> two, one, fire! >> the machines coming nextr better thanks to competition. and they build school cars and space ships. >> entrepreneurs do what only governments did before. >> maybe cities will be built on water flow from big government. >> this is outside the united states jurisdiction. >> life gets better because ideas have sex. >> wait, ideas have sex? >>
to upper income. melissa: we've got to go. great panel. thank you so much. thanks for all of you joining us. great discussions. >>> switching gears with great news on gas. the cost keeps going down. the price of regulaa is lowest it's been all year. it is $3.25. that's great! there is bad us into. we're paying more than ever before. the downward trend experts say will continue. we have oscar here to tell us why. welcome back to the show. >> thank you, melissa, for having me. melissa: so gas prices are the lowest that they have been all year. now today but we're still paying the most we'll ever pay this holiday season? explain that to me. >> well, as far as paying more at the pump you know one of the things we've been mired in is giving help to our economy, and that requires printing of u.s. dollars and lots of them as the fed has been doing. i thhnk one of the small reasons why you're paying more for gas today than you did last year at this time is basically because our dollar is buying us slightly less now than it did then. however, there is another side of this and we have a technical pic
congresswoman from texas. she joins in a fox business exclusive to tell us why. congresswoman, thanks so much for ming on the show. let me get your reacon to what youust heard? >> melissa? melissa: were you able to hear the discussion that came before you? we were talking abo comparing al the plans side by side, whher it was going over t cliff or it was the rublican plan or the white hoe's plann at we shoulddo to avoid going over the iff. the main point we ce to at the end no of it really does anything to ckle the debt and decit. what do yo thin about that? first of all, melissa, one thing i want to say to the american people we're all unified, and that is completely different matter just to say syria will not t weapons of mass destruction dtroyot only their peoe but those around the surrounding areas. we'reunified on that issue. i ed to say that. i thanyou for your courtesy allowing me to do so. melissa: we appreciate that. that is really important issue we're also focus on here. thank u for that. >> thank you. i serve on the homeland security commiee. we have been in meetings all day. i was
's market headlines. fiscal cliff talks may be a mess but not ruining the party for investors. u.s. third quarter gdp was revised up to 3.1%. not bad. november existing home seams -- sales hit nice not seen. wall street shares of the nyse euronext skyrocketed 34%. the company is being acquired by rival intercontinental exchange for $3.2 billion in cash and stock. >>> research in motion may be crawling its way out of the abyss. the blackberry maker left for dead earlier this year. now shares are up more than 100% in three months. it also beat third quarter estimates on both the top and bottom lines. shares leaping after hours. >>> we start tonight with the convergence of reality an hollywood. matt damon's new film, "promised land" opens next friday but it is already sparking major controversy in the energy community. critic it is of the film say it casts fracking in a very negative light. they flat-out reject some truths about the process. with california imposing its first fracking regulations only yesterday. is this just hollywood being hollywood or is there an agenda behind this that's
' season. makes us feel good to give. that is why there is a concert for storm victims. a bit greedy businesses ted turner did not like at idea. >> there is nothing more to say list. >> good by. >> now there are new ways to give to chary. >> where should you give? tonight. >> what does charity mean to you? the media obsesses what celebrities do and big stars raised more than $30 million for the hurricanes and the victims but this is not charit is most know it but quieter purpose 64% give almost $1,000 to their church the most common form followed by schools and then those meant to help the poor. had you know, they are legitimate? madonna raising money spent $3 million but had nothing to show for it but a nice car and a golf membehip. most don't do that but had you know, ? melissa helps to give away $3 billion with rockefeller philanthropy advisers recommend using the profit motive to help jailed teen-agers go straight the profit motive? >> macbeth. >> we also happily accepted nations but goldman sachs has issued a special impact bond and we are the lead recipient. >> this means tha
liz: off the desk, police in australia are telling motorists not to use the apple app. they were stranded in a national park 40 miles away from the destination. they have no water and temperatures hit 115 degrees. david: melissa francis is next. melissa: i'm melissa francis and here is what is "money" tonight. the tax cliff is coming. grover norquist says upper earners are getting hit with higher taxes for parts of the health carr law. why isn't that enough? he is here to keep fighting the fight. >>> plus venezuela just surpassed saudi arabia with the world's largest oil reserves. now hugo chavez has announced his cancer is back. a chart, changing of the guard there could have a huge impact on the globlt oil market. we'll have details. >>> so much pot, so few answers. legalized marijuana laws take effect in washington state and colorado. from driving high to trafficking weed over sttte borders the legal and financial nightmares are just beginning. but we're convening a pot power panel to help clear the smoke. even when they say it's not it is always about money. melissa: first le
spending cuts. a lot coming out of defense. these are not long-term structural changes that will put us on a path to a balanced budget. that will not happen. melissa: the other thing that struck me about the graphic when you look at it, the threat from republicans hey, we would rather go over the cliff rather than take the president's deal, to me doesn't look terribly credible when you look at actual numbers. unless you take into perspective we're not really going over for 10 years. but it is just going over the cliff is so focused on raising taxes, on absolutely everybody and spending cuts are really not that impressive in terms of getting, you know, the gap down smaller. they say if you compare it to the white house plan they would rather go over the cliff. i'm not sure that is really credible given those numbers. what do you think?. >> way some republicans not all, growing number of republicans are looking at this, assigning blame to the president, making clear this is the president's plan and they don't have anything to do with it is politically more beneficial for them both in the
spread across the country. also, "money" tonight, a crash for gas prices. they are tumbling across the u.s. it's an early christmas gift for drivers but we'll tell you if the relief will last through the new year. >>> pepsi is crazy in love with beyonce. the music icon inks a $50 million deal to pitch its products. can she really make you stop drinking coke though? i say pepsi just got hosed. but a top marketing expert is here to disagree with me. even when they say it's not it is always about money melissa: firss, let's look at the day's market headlines of the leave it to congress to suck the air out of a good thing. stocks soared in early trading on hopes of a deal on the fiscal cliff. but a parade of speeches by congressional leaders this afternoon dump ad whole lot of water on the rally. stocks pared back from session highs. dow closed down 78 points. even dollar stores are having trouble making money today. dollar general shares got hammered. they warned of sluggish growth ahead and margins that would likely remain flat. >>> urban outfitters is mailing holiday catalogs filled with f-
overnight. that is all anybody who is there now knows how to do. >> means of course all of us taxpayers get a lump of coal in our stocking. i want to add another bad bit of news to your list there. melissa: oh, no. >> don't forget state and local pension systems for the exact same reason pension benefit guaranty corporation will get a bailout at some point you i'm afraid we'll bail out bankrupt pensions systems of california, illinois and some other states in effect copying the greek-french model of economic governance. melissa: yeah. >> it is bad news across the board but definitely bad policy as well because when you reward bad behavior, anybody who has kids knows, what do you get in the future? more bad behavior. melissa: how should we really deal with this from a serious perspective? i'm not in favor of bailing out these agencies. the post office example, let it go bankrupt. let part of its services go private. somebody could come in, that should be a private equity turn around where you cut costs like crazy, close down offices, salvage the good businesses. run it for profit. or shut it
the very latest for you. >>> not even the fiscal cliff can slow down the u.s. oil boom the production surge sets up huge windfalls for businesses outside the oil industry in 2013. who stand to reap the biggest gains? we'll drill down details so you can get in on this game. >>> iran launches war games in the strait of hormuz flexing its military muscle in the heart of the critical seaway for global oil supplies. is iran just sabre-rattling or gearing up for something much bigger? even when they say it's not, it is always about money. adam: and a good evening to you. melissa francis will be back after the first of the year but right now let's look at today's market headlines of the investors were largely gripped by unfolding events in washington regarding the fiscal cliff. there was little optimism on wall street. stocks fell for their fifth straight session. the dow, the dow fell below the 13,000 mark closing down 158 points. fiscal cliff anxiety sent the so-called fear index, the vix, soaring more than 14%. it is now up close to 30% this month. >>> barnes & noble was one of the few market b
're doing a lot of e-mail business too. captain davis, thanks for taking time to talk to us. we appreciate it. >> thank you, and merry christmas. melissa: merry christmas to you. while santas his way across the globe let's look at market headlines because it was open after all. thin volume dominated today's shortened trading session. the dow fell 51 points. the fiscal cliff deadlock gave another jolt to the veer index for the vix. it is up 20% in four sessions. people are nervous. it has been a tough year for yahoo! shareholders but they're getting a early christmas gift from snead ham. the company upgrade the price on yahoo!'s stock to 26 bucks a share. yahoo! shares rose 1 1/2 on the news. >>> it is the last day, several hours left to run to the mall to get gifts for people you forgot. maybe you're a bargain shopper hoping for a last minute deal. we have lauren with our fox affiliate, kttv in los angeles. she braced the christmas crowd at glendale galleria in california. i should say the galleria. i'm from the valley. best i can do. thank you, thank you, i appreciate that. how packed is
to over or give back. >> for instance it used the for two weeks for your christmas holiday and use brain drain gold and the la eight-- you are laid up that means they tomatically go into your sickly youth then you could have the vacation do over to make up for those days that you weren't that sec or hurt. john: if you say i have they cold? they have to give you that back? >> if it is dead doctor's note to to say she got the sniffles so she will need another seven days of paid vacation. john: italy first. if you start a business and keep it small, up that 10 workers you have some flexibility but number 11 1/2 to have the self assessment outlying every possible health and safety hazard? >> yes. we're not just talking about heavy machinery but how you deal with specific stress with your age, gender, a doctor, the overwhelming majority of italian workers work with 10 or fewer employees. john: number 16 employee you have to have you reesentatives that is entitled to paid leave? >> eight hours per month. >> if you hire one more he must be disabled? >> number 16 the next one must be disabled or
there is conservative case for raising taxes. he will join us to make his case. because even when they say it's not, it is always about money adam: good afternoon to you. let's take a look at the day's market headlines. an unexpectedly strong rise in november industrial production failed to boost stocks. concern over the fiscal cliff continued to linger. the dow sank 35 points to end the week. shares of apple got a one-two punch today. iphone 58 debuted in china but to tepid demand. ubs also lowered its price target on apple's stock to 700 bucks down from 780 bucks. >>> what goes up must come down. best buy's shares soared yesterday. its founder was offering up to $6 billion to ke it private but best buy says it has prolonged the time frame for an offer until after the holiday season. shares tumbled more than 14%. >>> on to our top story the senate will vote on a $64 billion aid package for superstorm sandy on monday but the cbo says, nine approximately, just nine billion of that spending will be spent overthe next year. to top it off, a ton of the cash is earmarked for long-term infrastructure spe
these rules come and you will have a condo line of imitators followin you anywhere. thanks for watching us.ow who wl take that. melissa francis who takes it from us live. melissa: we start tonight with breaking news. it has been a tumultuous day in washington. both sides apparently in a total deadlock in the fiscal cliff negotiations. president obama is expected to make a statement on where things stand at any moment here. and with a preview we have fox businesses peter barnes. he is at the white house. peter what do we expect to hear? >> well, melissa, right now the president is finishing up on meeting with sete democratic leader harryeid who came down here to try to talk with the president with some strategy moving forward to avert the fiscal cliff. we expect the president to say that he still wants to get a deal with republicans to do that. that is still going to be time. however, that they will have to do it after the christmass3 holiday. the president plans, is planning to go to hawaii for christmas with his family. speaker boehner has left town. gone back to ohio. for the holiday. th
for tax rform. thanks so much for joining us. >> absolutely you say a lot of people are missing the fact that obamacare baked in a ton of tax hikes for wealthier ericans as it is? >> people talk about the fiscal cliff as if it is one ing. it is three. there's the obamacare taxes. to pay for obacare were delayed until after he got himself safely elected. so in the next decade there are a trillion dollars of higher taxes. five of those big ones start january 1st. that is one part. part two, the bush tax cuts disappearing. that is $500 billion tax increase next year, 2013. and then the third part which is the spending rerain sequester, which obama wants to put off. that would save 1.2 trillion over a decade. he wants to put it off and spend the 1.2 trillion. melissa: all true but you know what? at this point it seems like it is not resonating with the averaae american. go out and loo at polls. quinnipiac said 77% of all republicans think it is a bad idea for lawmakers to promise never to raise taxes. >>o, no, read that poll. melissa: reading it verbatim. >> the question was, ould you not ra
at us from himself this sounds and comprehensible. >> barking mad? >> we have to 1/2 billions -- 2.5 billion christians one-third of the people are barking mad? >> the logic is not the pele. >> the of the people did not accept jesus. >> this is my point* is one thing to said a bunch of texans 18 and -- drinking piercing ufo is out of their mind but the human race is nuts? >> we are hard wired to believe we have created god from the time we are human and as the scientist we have an expiment we want to believe but we have to check. most of the time it is not. john: newton >> they were products of their time wdon't talk of newton because of christianity which was barking mad but the science he produced it affected our universe. is gone into the dustbin of history. i cnnot disprove that miraes happen and the whole universe created 15 seconds ago and we were created by the memories but it is not rational. is irrational. >> i think science teaches us what stupendoustupendou s at one time was not at another time. to make a blind man sees seems preposterous. what about 100 years andow we c
Search Results 0 to 42 of about 43 (some duplicates have been removed)